Global System of Trade Preferences (GSTP) Registration - Process & Fees

GSTP also referred to as Global System of Trade Preferences among Developing Countries is a multilateral trade agreement aimed at developing and advancing trading relations between developing countries. Introduced on 13 April 1988, is a trade strategy aimed at establishing better trade cooperation with preferential tax reductions, improved market access, and enhanced economic relations. Started by the G77 and negotiated under UNCTAD, GSTP is important in the process of trade liberalization and development.

By joining GSTP, participating countries get access to trade opportunities facilitating exporters and manufacturers with better access to markets at more desirable tariff rates and taxes. Reduced import taxes and easier procedures for global trade allow holders of the GSTP Certificate to take advantage of improved opportunities for exporting their products. The agreement also focuses on trade liberalization of products under the south-south division, thus providing developing countries with a chance to diversify with traditional trading partners.

GSTP certificate of Origin has gone through several negotiation rounds, and countries have actively added new areas to the agreement. It not only helps increase the flow of imports and exports but also strengthens international relations and trade ties among member countries. It is also useful for countries that are still developing their trade relations and want to expand their reach.

The case for engaging with GSTP is stronger now than at any point since the agreement entered into force. South-South trade, the trade GSTP is specifically designed to facilitate has grown from $500 billion in 1995 to $6.8 trillion in 2025. Today, 57% of developing country exports go to other developing markets, up from 38% in 1995. India, as a major GSTP member with ratification of the São Paulo Round Protocol in 2010, is well positioned to capture this growing demand across pharmaceuticals, chemicals, textiles, and engineering goods precisely the sectors where Indian exporters are globally competitive. Once the Protocol enters into force (pending Mercosur group ratification), Indian exporters will gain preferential access on over 47,000 tariff lines across GSTP member markets. India ratified the São Paulo Round Protocol in 2010, making it one of the earliest signatories to commit to the expanded GSTP tariff concessions. Once the Protocol enters into force (pending Mercosur group ratification), Indian exporters will gain preferential access on over 47,000 tariff lines across GSTP member markets. Professional Utilities provides detailed explanation on how to get GSTP, its benefits, and the process of getting GSTP certification.